About Us & History
Our bold vision keeps us ahead of the curve
A diversified firm with an eye on the future.
Founded in 1966, Time Equities, Inc. (“TEI”) has been in the real estate investment, development, and asset and property management business for more than 50 years. TEI currently holds in its own portfolio approximately 38.9 million square feet of residential, industrial, office and retail property including about 5,500 multi-family apartment units, approximately 2.2 million square feet in pending acquisitions, and 1.4 million square feet of various property types in stages of pre-development and development. With 330 properties across 33 states, 5 Canadian provinces, Anguilla, England, Germany, Italy, the Netherlands, and Scotland, the TEI portfolio benefits from a diversity of property types, sizes and markets. There are concentrations in the Northeast, Southeast, Midwest and West Coast of the U.S., and new markets around the world are always being evaluated.
A brief history
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Time Equities is born
Founder Francis Greenburger rents his first office space on 59th Street between Park and Lexington Avenue in New York City.
The first deal of many
We syndicate our first real estate deal with friends and family.
Finding our niche
At distressed prices, TEI enters the co-op and condominium conversion business in New York City.
An eye on national expansion
Noting the unreasonable escalation in NYC property prices, we begin our national diversification strategy.
Entering the international market
At distressed prices, we make our first international purchase in Montreal, Quebec, Canada as the Canadian recession wanes.
Time Equities Securities is established and joins FINRA/SIPC.
TEI finds opportunity in Germany as post German-reunification uncertainty lingers.
50 West is born
Ground breaks at our 64-story luxury tower, 50 West Street in New York City, to much critical acclaim. The NYC skyline will never be the same.
A new year, a new market
We begin to target retail properties at distressed prices as disruption occurs in the retail sector.
Acquainted with Dutch culture
We enter The Netherlands at distressed prices as Europe begins to recover from the Global Financial Crisis.
We enter Italy with the purchase of a non-performing loan portfolio. We plan on staying awhile - not just because of the food and wine.
1000M makes its mark
Ground breaks at our 72-story luxury residential tower at 1000 S. Michigan Ave. in Chicago. It's a source of pride and a sneak peak at the future of our real estate strategy for years to come.
Our Company Values
The real estate business is one of the largest businesses in the world. Many countries’ economies are driven by the growth of their real estate industry. It generates millions of jobs and impacts just about everyone that is alive. Every day that we do our jobs, we help to create a better social and economic environment for our tenants, vendors, lenders, advisers and investors.
Provide integrity, excellence, and honesty in real estate
In all of our transactions, Time Equities conducts business with fairness, respect, dignity, honesty and compassion. We consistently strive to deliver on this commitment to all of our stakeholders: our tenants, clients, lenders, investors, partners, vendors and staff. Everyone doing business with Time Equities should be able to take for granted that they will be dealt with honestly, promptly and with fairness.
Focus on limiting risk and cultivating strong opportunities
By identifying locations with good market fundamentals and targeting under-valued properties in those areas, we seek to achieve above-average returns for our investors.
Offering diversity in property type, size, and market
Unlike some specialized investors, we are experienced and comfortable with virtually all property types and sizes. We can acquire property subject to existing financing.
Empower your entire team to create positive community change
We attempt to provide society with a useful product through superior management and capital improvements to our properties and to provide a benefit (make a profit and feel a sense of purpose and accomplishment) for ourselves and our investors. As important as the profit motive is, it is not our only concern.
Philanthropy & the Arts
Time Equities Inc. is committed to giving back, and does so through an extensive program of charitable giving, which includes ongoing donations to over 250 not-for-profit organizations through The Francis J. Greenburger Foundation and the Francis Greenburger Charitable Fund at the Jewish Communal Fund. Time Equities’ philanthropy supports organizations focused on education, art, social and criminal justice, the environment and community organizations.
Omi International Arts Center
Francis Greenburger is the founder of Omi International Arts Center, a not-for-profit arts organization with residency programs for international visual artists, architects, writers, musicians and dancers. Time Equities proudly supports Art Omi.
The Greenburger Center
Advocates for criminal justice reform and supports efforts to reform bail and sentencing rules, close Rikers jail, provide rehabilitation and re-entry services for incarcerated people, and divert people with serious mental illness from jails and prisons.
New York Edge (formerly known as Sports & Arts in Schools Foundation)
New York Edge serves more than 27,000 public school students throughout the New York area, providing after-school programs designed to improve academic performance and self-confidence. Francis Greenburger serves on the board.
AiB brings art to non-traditional exhibition spaces in the interest of promoting artists and creating a more interesting and aesthetically pleasing environment for our building occupants and their guests, while adding value to Time Equities’ properties.
Baruch College is among the nation's top public colleges. Francis Greenburger proudly supports his alma mater and the accessibility of higher education to New York City residents. TEI participates in the Real Estate Mentoring program.
Little Red Schoolhouse
Little Red Schoolhouse in conjunction with Elizabeth Irwin High School comprises LREI. For 90 years LREI has provided students a rich and progressive academic program. Francis Greenburger contributes to the Board of Trustees.
The Downtown Alliance
Provide service, advocacy and information to advance Lower Manhattan as a central destination for businesses, residents and visitors. Francis Greenburger serves on the Board of Directors.
Lower Manhattan Cultural Council
Lower Manhattan Cultural Council brings art where it’s least expected and engages the ideas of the moment by exploring the links between culture and capital. Mr. Greenburger serves on the Board of Directors.
Massachusetts Museum of Contemporary Art thrives on making and presenting work that is fresh, surprising, and challenging. Francis Greenburger is a contributor to MASS MoCA.